0001752724-22-291288.txt : 20221227 0001752724-22-291288.hdr.sgml : 20221227 20221227115124 ACCESSION NUMBER: 0001752724-22-291288 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221031 FILED AS OF DATE: 20221227 DATE AS OF CHANGE: 20221227 PERIOD START: 20230731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ark Venture Fund CENTRAL INDEX KEY: 0001905088 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23778 FILM NUMBER: 221487522 BUSINESS ADDRESS: STREET 1: 200 CENTRAL AVENUE, SUITE 1850 CITY: ST. PETERSBURG STATE: FL ZIP: 33701 BUSINESS PHONE: 212-426-7040 MAIL ADDRESS: STREET 1: 200 CENTRAL AVENUE, SUITE 1850 CITY: ST. PETERSBURG STATE: FL ZIP: 33701 FORMER COMPANY: FORMER CONFORMED NAME: Ark Innovation Interval Fund DATE OF NAME CHANGE: 20220118 NPORT-P 1 primary_doc.xml NPORT-P false 0001905088 XXXXXXXX Ark Venture Fund 811-23778 0001905088 549300NU5FJOOC8NMZ08 200 Central Avenue Suite 1850 St. Petersburg 33701 212-426-7040 ARK Venture Fund 549300NU5FJOOC8NMZ08 2023-07-31 2022-10-31 N 8964223.34 755745.38 8208477.96 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N DraftKings Inc N/A DraftKings Inc 26142V105 6438.00000000 NS USD 101720.40000000 1.239211465215 Long EC CORP US N 1 N N N Block Inc 549300OHIIUWSTIZME52 Block Inc 852234103 1718.00000000 NS USD 103200.26000000 1.257239898832 Long EC CORP US N 1 N N N Freenome, Inc N/A Freenome, Inc 000000000 85711.00000000 NS USD 999990.24000000 12.18240756536 Long EC CORP US N 3 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 1822.00000000 NS USD 245915.34000000 2.995870138146 Long EC CORP US N 1 N N N Epic Games, Inc N/A Epic Games, Inc 000000000 873.50000000 NS USD 655125.00000000 7.981077651574 Long EC CORP US N 3 N N N Twilio Inc 5493004W8TRGD63APX93 Twilio Inc 90138F102 3166.00000000 NS USD 235455.42000000 2.868441885905 Long EC CORP US N 1 N N N Shopify Inc 549300HGQ43STJLLP808 Shopify Inc 82509L107 3425.00000000 NS USD 117237.75000000 1.428251992285 Long EC CORP CA N 1 N N N Flexport, Inc N/A Flexport, Inc 000000000 4940.00000000 NS USD 66690.00000000 0.812452690072 Long EC CORP US N 3 N N N X Holdings I, Inc. N/A X Holdings I, Inc. 000000000 18450.18450000 NS USD 1000000.00000000 12.18252646681 Long EC CORP US N 3 N N N Unity Software Inc 549300D1ESJMGNQNG432 Unity Software Inc 91332U101 2994.00000000 NS USD 88323.00000000 1.075997285128 Long EC CORP US N 1 N N N ROBLOX Corp N/A ROBLOX Corp 771049103 6167.00000000 NS USD 275911.58000000 3.361300125851 Long EC CORP US N 1 N N N MosaicML N/A MosaicML 000000000 400000.00000000 PA USD 400000.00000000 4.873010586727 Long DBT CORP US N 3 2099-12-31 None 0.00000000 N N N N N N Coinbase Global Inc 5493004G3J2SC154DU06 Coinbase Global Inc 19260Q107 1475.00000000 NS USD 97718.75000000 1.190461258179 Long EC CORP US N 1 N N N Dreyfus Government Cash Management 5493000Q69I5Q3QZIA91 Dreyfus Government Cash Management 262006208 3007327.55000000 NS USD 3007327.55000000 36.63684747226 Long STIV RF US N 1 N N N Tesla Inc 54930043XZGB27CTOV49 Tesla Inc 88160R101 803.00000000 NS USD 182714.62000000 2.225925694024 Long EC CORP US N 1 N N N Flexport, Inc N/A Flexport, Inc 000000000 24640.00000000 NS USD 332640.00000000 4.052395603922 Long EC CORP US N 3 N N N Roku Inc 549300KR6ITU0YIR1T71 Roku Inc 77543R102 1799.00000000 NS USD 99916.46000000 1.217234918420 Long EC CORP US N 1 N N N Critical Ideas, Inc N/A Critical Ideas, Inc 000000000 400000.00000000 PA USD 400000.00000000 4.873010586727 Long DBT CORP US N 3 2099-12-31 None 0.00000000 N N N N N N Flexport, Inc N/A Flexport, Inc 000000000 49.00000000 NS USD 661.50000000 0.008058741257 Long EC CORP US N 3 N N N Zoom Video Communications Inc 549300T9GCHU0ODOM055 Zoom Video Communications Inc 98980L101 3077.00000000 NS USD 256744.88000000 3.127801295820 Long EC CORP US N 1 N N N UiPath Inc 5493000YP61KBELDHT53 UiPath Inc 90364P105 18100.00000000 NS USD 228965.00000000 2.789372172475 Long EC CORP US N 1 N N N 2022-12-22 Ark Venture Fund Bill Cox Bill Cox Principal Financial Officer XXXX NPORT-EX 2 AIA0010ARK103122.htm

 

Schedule of Investments

ARK Venture Fund

 

October 31, 2022 (Unaudited)

 

   Shares/
Principal/Units		   Cost   Value 
COMMON STOCKS IN PUBLIC COMPANIES – 24.6%               
                
AUTOMOBILES - 2.2%               
Tesla, Inc.*   803   $191,301   $182,715 
                
CAPITAL MARKETS - 1.2%               
Coinbase Global, Inc., Class A*   1,475    106,251    97,719 
                
ENTERTAINMENT - 4.5%               
Roblox Corp., Class A*   6,167    240,933    275,912 
Roku, Inc.*   1,799    106,537    99,916 
         347,470    375,828 
HOTELS, RESTAURANTS & LEISURE - 1.3%               
Draftkings, Inc., Class A*   6,438    106,604    101,720 
                
IT SERVICES - 5.5%               
Block, Inc.*   1,718    106,177    103,200 
Shopify, Inc., Class A (Canada)*   3,425    106,618    117,238 
Twilio, Inc., Class A*   3,166    241,159    235,455 
         453,954    455,893 
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%               
NVIDIA Corp.   1,822    240,600    245,915 
                
SOFTWARE - 6.9%               
Uipath, Inc., Class A*   18,100    242,282    228,965 
Unity Software, Inc.*   2,994    106,382    88,323 
Zoom Video Communications, Inc., Class A*   3,077    241,622    256,745 
         590,286    574,033 
TOTAL COMMON STOCKS IN PUBLIC COMPANIES        2,036,466    2,033,823 

 

   Acquisition Date  Shares/
Principal/Units		   Cost   Value 
COMMON STOCKS IN PRIVATE COMPANIES – 20.0%                  
                   
INTERNET - 12.0%                  
X Holdings, Inc. (Twitter)*,(a),(b)  10/31/22   18,450    1,000,000    1,000,000 
                   
SOFTWARE - 8.0%                  
Epic Games, Inc.*,(a),(b),(c)  9/23/22   874    665,525    665,528 
TOTAL COMMON STOCKS IN PRIVATE COMPANIES           1,665,525    1,665,528 
PREFERRED STOCKS IN PRIVATE COMPANIES – 16.9%                  
                   
HEALTHCARE PRODUCTS - 12.0%                  
Freenome, Inc.*,(a),(b)  9/23/22   85,711    999,990    999,990 
                   
TRANSPORTATION - 4.9%                  
Flexport, Inc.*,(a),(b)  9/23/22   29,629    404,992    399,992 
TOTAL PREFERRED STOCKS IN PRIVATE COMPANIES           1,404,982    1,399,982 
SIMPLE AGREEMENT TO PURCHASE EQUITY IN PRIVATE COMPANIES – 9.6%                  
                   
COMMERCIAL SERVICES - 4.8%                  
Chipper Cash*,(a),(b)  9/23/22   400,000    400,000    400,000 

 

 

 

 

Schedule of Investments (continued)

ARK Venture Fund

 

October 31, 2022 (Unaudited)

 

   Acquisition Date  Shares/
Principal/Units		   Cost   Value 
SIMPLE AGREEMENT TO PURCHASE EQUITY IN PRIVATE COMPANIES (continued)                  
                   
SOFTWARE - 4.8%                  
MosaicML*,(a),(b)  9/23/22   400,000   $400,000   $400,000 
TOTAL SIMPLE AGREEMENT TO PURCHASE EQUITY IN PRIVATE COMPANIES           800,000    800,000 

 

   Shares/
Principal/Units		   Cost   Value 
MONEY MARKET FUND – 41.3%               
Dreyfus Government Cash Management, 2.91% (d)   3,435,443    3,435,443    3,435,443 
TOTAL INVESTMENTS – 112.4%        9,342,416    9,334,776 
Liabilities in Excess of Other Assets–(12.4)%             (​1,026,487)
Net Assets–100.0%            $8,308,289 

 

* Non-income producing security
(a) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees. For fair value measurement disclosure purposes, investment is classified as Level 3.
(b) Restricted security; security may not be publicly sold without registration under the Securities Act of 1933, as amended. As of October 31, 2022, total investments in restricted securities were $3,865,510 and are classified as Level 3.
(c) These securities have been purchased through Special Purpose Vehicles in which the Fund has a direct investment of ownership units of the Vehicles. The shares, cost basis and fair value stated are determined based on the underlying securities purchased by the Vehicle and the Fund’s ownership percentage.
(d) Rate shown represents annualized 7-day yield as of October 31, 2022.

 

 

 

 

October 31, 2022 (Unaudited)

 

Fair value measurements

 

The Fund discloses the fair value of its investments in a hierarchy that distinguishes between: (i) market participant assumptions developed based on market data obtained from sources independent of the Fund (observable inputs) and (ii) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:

 

• Level 1 — Quoted prices in active markets for identical assets.
 
• Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
• Level 3 — significant unobservable inputs, including the Fund’s own assumptions in determining the fair value of investments.

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to determine fair value of the Fund’s investments as of October 31, 2022:

 

Investment in Securities  Level 1   Level 2   Level 3   Total 
Common Stocks in public companies*  $2,033,823   $–   $–   $2,033,823 
Common Stocks in private companies*   –    –    1,665,528    1,665,528 
Preferred Stocks in private companies*   –    –    1,399,982    1,399,982 
Simple agreement to purchase equity in private companies*   –    –    800,000    800,000 
Money Market Fund   3,435,443    –    –    3,435,443 
Total  $5,469,266   $–   $3,865,510   $9,334,776 

 

* All sub-categories within the security type represent their respective evaluation status. For a detailed breakout by industry, please refer to the Schedule of Investments.

 

A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of the reporting year. At October 31, 2022, the reconciliation of assets is as follows:

 

   Common Stocks In
Private Companies		   Preferred Stocks In
Private Companies		   Simple Agreement To
Purchase Equity In
Private Companies		   Total 
Balance at September 23, 2022*  $–   $–   $–   $– 
Purchases   1,665,525    1,404,982    800,000    3,870,507 
Sales   –    –    –    – 
Transfer into Level 3   –    –    –    – 
Transfer out of Level 3   –    –    –    – 
Net Realized Gain (Loss)   –    –    –    – 
Net Change in Unrealized Appreciation (Depreciation)   3    (5,000)   –    (4,997)
Balance at October 31, 2022  $1,665,528   $1,399,982   $800,000   $3,865,510 

 

* Inception date